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20120927
20120927
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CNBC 11
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CNN 5
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English 76
Search Results 0 to 49 of about 76 (some duplicates have been removed)
WETA
Sep 27, 2012 6:30pm EDT
on it to ease its mounting losses. the u.s. economy shows more signs of slowing, and slowing down faster than expected. but silver has been red hot. where is the demand coming from and can it last? we talk with phil baker, the c.e.o. of hecla mining. that and more tonight on nbr! we begin with discouraging news about the sluggish economy. by the broadest measurement, economic growth slowed sharply in the second quarter. the gross domestic product was revised considerably lower today. growth was 1.3% in the april through june period. just a month ago, the estimate was 1.7%. add that to a big drop in purchases of big ticket items, like washing machines and furniture. in august, durable goods orders fell 13.2%, and you've got an economy that's just muddling along. but one ray of encouragement-- fewer people filed for unemployment benefits for the firsme claims fell by6, 20 to their6, july lows of 359,000 claims. on wall street, the dow jumped 72 points, the nasdaq added almost 43 points, the s&p up 13. while the u.s. continues working through problems left over by the great recession, there are
CNN
Sep 27, 2012 9:00am PDT
. if you don't believe me, look at the numbers that just came out in the growth of our economy. 1.3% verses russia at 4%. china at 7% to 8%. we're at 1.3%. this is unacceptable. it is not working. i know what it takes to get us working. he's put us on a road to europe. europe doesn't work in europe. i want to get us back to being america where people come here, build enterprises here. we fulfill american dreams. we keep the hope alive in america. [ cheers and applause ] and this matters. you know this matters. this counts. it counts for the 23 million people struggling to get a job, getting a better job today. it counts for the young peoe. today we wonder whether that's true. the majority of americans don't think that's the case. this matters. there's one more sense in which it matters. that's what i began with, and that is our military capability. our ability to defend our liberty and the liberty of our friends around the world, with whom we trade and with whom we trade and whose prosperity depends on our trade. i was in poland and got the chance to meet a hero. i came in and he said, mr.
CNBC
Sep 27, 2012 4:00pm EDT
's a point you made earlier in an earlier segment that the bottom line is the economy is still very, very weak. i'll tell you, we've been on overweight equities for the last six or nine months. we're now starting to pull back some of the risk. yes, the market could rally higher. i don't see the stimulus up as much as i did when everybody didn't believe qe-3 was coming. i think there's more negative potential headlines. we're taking risk off the table right now and hopefully we'll re-enter at a lower position. >> it's interesting. rickntelli, the fiscal cliff keeps coming up. that's one of the biggest issues in terms of keeping businesses from making any real decisions here, putting money to work, and it's also the highlight going into the election. >> it is. i guess the real irony is even if the fiscal cliff didn't exist, the outlook economically, both domestically and globally, is deteriorating. really, it's a bit of a double whammy. i'll go back to what i said the last time we discussed this an hour ago. if you look at the 21 weeks from mid-october to march of 2000 when the nasdaq crash
FOX Business
Sep 27, 2012 11:00am EDT
: nicole thank you. dagen: take a look at this. the u.s. economy growing at a very weak 1.3% in the second quarter, revised down from 1.7%. that is, well, lousy. connell: deputy editor at the "wall street journal"'s editorial page is here to tell us it's always the economy, stupid, at least that was your column? >> that's right. and any presidential election one way or another it is going to be about the economy, no matter how hard the candidates try to deny that. the most amazing one perhaps of all time is indeed the incumbent obama who is running as though the economy during his term didn't happen or at least if it happened, it was the fault of somebody who was president four years before him and what he wants to talk about is the economy he's going to create starting in january 13 which will consist of people having green jobs, making windmills and solar panels. i think the american voters are probably getting a little bit frustrated that no one will talk about the economy as it exists right now, dropping to 1.3% in the second quarter. the united states economy is barely, barely moving.
FOX Business
Sep 27, 2012 4:00pm EDT
to stimulate the economy. again, i put stimulate in quotes because who knows if it is momentary for china. >> we have this bump of china of 2.5%, you can't underestimate the short-term tailwind, whatever they have for the economic expansion, especially on commodities prices. that is part of the reason why we have a significant progress. david: were you aware of all this? that is basically what it is. were you worry about it? >> i am very suspicious and wary. however, i don't think that the close is clear. a little bit underweight equities, as you well know, a lot longer for state solvents. david: keep the sound there. i want to hear there is any interaction. tim is joining us right now. when we think about these honeypots in the market? >> i agree with him. the market is clearly ignoring the negative news that we are seeing in the u.s. and the fact that we are in a recession and maybe longer in europe. it is not deterring people from buying stocks right now. you could certainly call it a bubble in general. i think equities was probably overheated here. given the weak industrial numbers, g
CNBC
Sep 27, 2012 3:00pm EDT
's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's talk about it in today's "closing bell" exchange. we have larry blazer from mayflower advisers and our own rick santelli and mandy drury. larry glazer, you happen to believe that economically there's an iceberg dead ahead. this market doesn't act like it today. >> no, it doesn't. you can see today investors are so focused on the global stimlouse story that they're missing the big picture. the big picture is the fact that the economic data, particularly global manufacturing data, is absolutely rolling over. look at chinese manufacturing, down 11 months in a row. you hit the nail on the head. gdp, durable goods, all a sign of weakness. the problem is the catalysts are behind us and the icebergs are ahead. you've got the fi
KCSMMHZ
Sep 27, 2012 6:00am PDT
-oriented economy. japan began sending aid and loaned over the years. the japanese prime minister had inflamed tensions after he took office in 2001 with annual business to the shrine in tokyo that honored the war dead and war criminals. china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of chinese respondents expressed negative views of japan. >> those figures suggest they will be challenged to mend relations, but an expert said it may not be as difficult size it appears. >> japan and chiba have been close are than before. we have thousands of years of relationships, but now is the best in a sense that economic exchange and people to people exchange and the le
PBS
Sep 26, 2012 11:00pm PDT
for life, and until last july he was italy's minister of economy and finance. but he is not exactly a politician. as a respect economist considered be abo party politics he was chosen to form a new technocratic government. it put him at the center of the european debt crisis confronting rising interest rates that led to greece, ireland, and portugal to seek bailouts. his ability to turn calamity into opportunity has revived his nickname "super mario." i have pleased to have him here at this table for the first time. welcome. >> delighted to be here. >> rose: i see that you have said that you're not going to run for pri minister? >> no, i can confirm that i will not be a candidate. i believe i couldn't even be a candidate because, as you mentioned, i am senator for life. so candidates are candidates inn order to become members of parliament. >> rose: and you're senator for life. >> yes. >> rose: do you want to stay as prime minister? >> of course i will not. i will-- the whole government will have to resign when the elections take place, probably next-- after that, it will be for th
CNBC
Sep 27, 2012 6:00am EDT
output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing to comply with a 2009 ruling. that ruling had on ordered the company to offer user as choice of web browsers. apparently they may not have done that. if guilty, microsoft could face fines of up to 10% of its global revenues. and that would be a lot of money. >> iran still, we're this close to nuclear -- think our unfunded labels are like 60 trillion or something. europe back in the crapper, but the refs. huh? >> i told you, i don't always like unions. i'm actually happy that the refs union won. >> it does provide a release from some of the travails and the worries of every day life. spoorts is spor
FOX Business
Sep 27, 2012 12:00am EDT
for iran and the economy and perhaps take a military course. melissa: yeah, it feels like we're not having impact. that's why we're talking about all these things tonight. thank you very much ambassador, for coming on. >> thank you very much. melissa: hoards of demonstrators violently taking to the streets of greece and spain to protest new austerity measures. governments are trying to take one step forward to solve the continent's debt crisis but some citizens seemed determine to take two steps back. with the u.s. trying to solve its own looming debt crisis could we see this kind of turmoil break out here? steve moore from "the wall street journal" joins me with more on this. we watch these protests going on in the streets and the first thing on my mind is that it seems like things are getting worse instead of better across europe and i thought that we had sort of solved, at least part of the financial crisis there but, you know, we're looking at these pictures. what do you think, steve? >> i will answer your question whether this kind of thing could happen here, melissa because i think t
FOX News
Sep 27, 2012 3:00pm PDT
. >> israeli leaders says sanction, hurting the iranian economy were not slowing the clock on iran's pursuit of a nuclear weapon. he warned not just israel, but the security of the entire world is at stake. >> given this record, of iranian aggression without nuclear weapons, just imagine iranian aggression with nuclear weapons. who among you would feel safe in the middle east? who would be safe in europe? who'd be safe in america? who'd be safe anywhere? >> despite prime minister netanyahu impassioned speech white house says it's not drawing red line whence it comes to military intervention in iran. i know the president couldn't find the time today to meet face to face with prime minister netanyahu, the white house says it's likely the two men will talk together tomorrow by telephone. >> bret: david lee miller at the united nations. thank you. much more on this with charles krauthammer and the panel coming up. right before rather netanyahu spoke, mahmoud abbas accused vaileisrael of ethnic cleansing. and said the palestinians will apply to the u.n. for nonmember state status. full membership
CNBC
Sep 26, 2012 11:00pm EDT
crash. we have a federal reserve that's so exasperated with its inability to get the economy moving, it's taken the unprecedented position saying it's going to stay acome date. aka, print money. we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the europe, the slowdown of china and the perma low growth, the united states. some income producers, growth names and stocks with solid dividend boosts and, of course, some gold. these have been the correct calls to make. i've stuck with this market because i believe europeans are not suicidal. so far so good on that front. at least of late. i believe chinese economy will simply come back by virtue of the fact there's a treme
PBS
Sep 26, 2012 7:00pm PDT
and are now eager to spend it on new homes on signs the overall economy is improving. but that increased demand has brought more competition for lots. >> now you have end users who are buying for themselves, you have other builders who are doing spec homes, so lot prices have gone up significantly in the last ten months. >> reporter: new home prices are also rising. the commerce department said last month alone they were up more than 11%. but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million and a half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on buying a new house. diane eastabr
CNBC
Sep 27, 2012 12:00pm EDT
world? >>> but first, let's get to our top story. really mixed signals on the economy today. senior economics reporter steve liesman joins us to break it all down. durable goods, orderer were awful, horrendous, jobless claims improved, though. >> you know, i have a theory, michelle. and i think these guys to my left and on the screen over there are waiting for more specific signals from me and the economic data before they figure out -- if you think about the five down days we've had, it's down like 1.9. it's essentially a sideways move. up 46, you said highs of the day. i don't think anybody here is jumping out of the chair. that's because the signals are really mixed. take a look at the data. the gdp with durable goods down 13%. don't get too excited about that. a lot of that was aircraft orders. second quarter gdp down by 14%. midwest manufacturering, claims, though, went down 26,000 and the payroll revisions, that's through march of 2012. up by 386,000. so a little stronger employment in our rearview mirror and current. so the jobs are doing okay, i guess, is the best way to say
FOX Business
Sep 27, 2012 5:00pm EDT
economy through the gulf. melissa: what do you think is the appropriate response? because we were talking on the show yesterday about how sanctions it seems like are not necessarily working because we highlight ad company that is going ahead and buying iranian oil and is reportedly then selling it to china? because seems like the sanctions are not necessarily that effective. >> for a simple reason, melissa that not all of those who should be putting sanctions are putting sanctions. iran is trading with everybody else than the coalition that is putting sanctions. sanctions alone won't work. they are necessary but, the only thing we need to do. number two, you have the military capacity strike. that is only when we are sure that the iranians crossed that red line. third and most important i guess is work with the iranian opposition, with iranian students and women and minorities those who took to the streets in tehran remember in june 2009? they were very close shaking up the foundation for the regime. unfortunately washington did not seize the moment there. melissa: walid, thank you very m
CSPAN
Sep 26, 2012 8:00pm EDT
congressional district. >> to texas politicians, each touted as the future of their parties, debated the economy, immigration, and other issues at the "texas tribune" festival in austin. julian castro is the mayor of saying antonio and was the keynote speaker at the republican convention. tedthis is one hour. >> i think you know the drill today. i hope you will enjoy as many of those as you can. if you have phones and you're agram,ing to tweet or instr we ask you to turn off your phones. please give our sponsors a hand. [applause] we will visit for about 40 minutes. when we get started, there are phones on either i'll. we ask that of that the microphone at the appropriate -- we ask that you line up at the microphone at the program time than july 31, 2012 began with the announcement that julian caster would be the keynote speaker at the democratic national convention. the footsteps of several. before mayor castro had uttered the words menudo " gulf, speculation began. -- menudo cookoff, speculation began. july 31 was a port from which the future of texas and possibly the nation was visible. mayor
CNBC
Sep 27, 2012 9:00am EDT
are great. that's one of the reasons the economy hasn't been strong to this point in the cycle. housing is keeping us from really stuttering on growth. we need more in housing, all that free cash flow in the corporate sector to be put to more productive use, investing in capital and labor. there's a real need for it, carl, because the capital stock in the economy is basically depreciating. we're operating with old depleted capital. >> housing is a much smaller portion. the context of this is we need a much bigger engine for this economy this time around. >> we do. but partly most of the housing is so low because it came from a high level and then a collapse. if you look at the fed flow of funds data, you've had two record quarters of growth because of higher home prices. but we need more jobs. so housing is helping, the consumer is still holding in. we need more jobs. it's got to come from the business side. >> what gives you the confidence that europe has stabilized? of course, we look at this durable goods number, we know that's partially because of european weakness, but some would s
PBS
Sep 27, 2012 4:00pm PDT
drafting spending cuts to date are around $50 billion. it is europe's largest -- fourth largest economy. gavin hewitt has more from madrid. >> lines of police outside the education ministry in madrid tonight. teachers protested here against cuts. they came onto the street at the government's announced the most severe round of budget savings so far. these latest austerity measures are widely seen as paving the way for a full-scale bailout. >> [spending -- speaking spanish] >> the minister of finance said he heard 2012 would be the last year the economy would shrink. another minister described it as a crisis budget designed to exit the crisis. this austerity budget aims to find savings of 40 billion joerres next year. each government department would how to make cuts of 90%. public-sector pay will be frozen for another year, and the retirement age is set to rise. >> just a few weeks ago, europe believed it had achieved a breakthrough. the european central bank said it would help come -- countries like spain by buying their bonds and reducing their borrowing costs. but there was a catch, s
CNN
Sep 26, 2012 9:00pm PDT
years like the last four years. we have to get the economy going again. >> campaigns go head to head. what the latest means. nate silver will be asked if romney can win and deepak chopra, wesley clark and ameerah al-taweel. things get lively at the clinton global initiative. >> you want to make farming sexy, don't you. >> furious talk from the angriest man in america, lewis black. >> the whole world coming here. you are screwing up the traffic. this is "piers morgan tonight." good evening. our big story tonight mahmoud ahmadinejad made his speech. the u.s. and canadian delegation stayed away. even so mahmoud ahmadinejad painted iran as the victim and to blame israel. ultramodern weaponry and pledge to disclose armaments in due time is now being used as a new language of threat against nations to crush them to to accepting a new era. continued threats by the uncivilized to resort military action against our great nation is a clear example of this bitter reality. >> crystal spent i'm in iran. his best selling book is "half the sky" turning oppression in to opportunity for women
MSNBC
Sep 27, 2012 10:00am PDT
defense and national security to the economy which has been his primary message. the campaign has been flooding reporters with numbers and he mentioned them today, suggesting that sequestration cuts would effectively have an impact on 168,000 jobs, costing 168,000 jobs in the state. he said 136,000, 68,000 among small businesses specifically. and he was here with people in this critical battleground who he said have been to battle before. these are people in the military community, a lot of veterans here at american legion hall where he was speaking that he hopes will support his message of american strength through strength and not through weakness militarily. >> i have been a little puzzled by the campaign's posture on this because it was a republican and democratic agreement, the automatic triggers for these automatic cuts from sequestration if they didn't agree to a budget deal, and they didn't agree to a budget deal so this was something that the president and john boehner agreed to, reluctantly. i'm not clear on how mitt romney separates himself from his republican colleagues on
FOX Business
Sep 27, 2012 1:00pm EDT
be an increase in productivity. lori: that was a pretty pathetic segue on my part to talk about the economy. as you know, there was a slew of economic data points released today. generally weak data. gdp and durable goods spell trouble ahead. m is a chief economist at russell and is joining us now. will there be an economic impact? >> hopefully the nfl, as you said, will lead to less productivity at work. getting back to that net positive for the economy. lori: thank you for flying. you had a downward revision. does that cause you to change your outlook? >> no. i view the gdp number being revised, i think that is just in line and reconciling with the last six months. the payroll data has averaged 97,000 jobs a month. that seems more consistent with the 1.3 gdp numbers that we sell today and with the 1.7 we saw previously. i think we are just reconciling accounts here. lori: you are on board with this qe3 that has been so controversial? >> yes. i certainly am. i view qe as a step towards growth targeting. if they have this formal inflation target of 2% now, they certainly want to keep room i
MSNBC
Sep 27, 2012 11:00am PDT
the economy of iran. he said they've not stopped in deterring the nuclear program that that country is pursuing. he spent much of the speech setting the stage, talking about iranian aggression saying this is what we've seen in iran where they've turned on their own people without a nuclear weapon. what can the world expect if iran is able to obtain a nuclear weapon? an interesting note. he said in his remarks the middle east, europe and america would not be safe. >> yes. this presupposes that iran is not a rational actor or is sometimes described as death call. it's not clear. we've gone through this. i don't know if you were in the late 1990s and early 2000s we went through the same rhetoric with north korea. it it was unthinkable. the world would go through no effort and they couldn't trust them with a bomb, south korea could be destroyed although the touch the button. president clinton said north korea will never use that bomb, because if they do, it will be the end of north korea. netanyahu is clear about the repur repercussions would be for iran if it continues to pursue enrich
MSNBC
Sep 27, 2012 2:00pm EDT
in this effort. it's had an effect. oil exports have been curbed, and the iranian economy has been hit hard. it's had an effect on the eco ecy, wust face the truth. sanctions have not stopped iran's nuclear program either. according to the international atomic energy agency, during the st year alone iran has doubled the mber oftresn its underground nuclear facility. at this late hour there's only one way to peacefully prevent iran from getting atomibombs. that'sy pla a clear, red line on iran's nuclear weapons program. [ applause ] re lin'tea to war. red lines prevent war. just look at nato's charter. it made ear that an attack on one membecountry would be considered an aack o all. nato red line heldo k the peace in europe for nearly half a century. president kennedy selt a red lineuring the cuban missile crisis. that red line also prevented war and helped preserve the peace for decas. in fact, it' tai t place red lines that's often invited aggression. if the western powers had drawn clear red lines during the 1930s, i believe they would have stopped nazi aggression and world waii might have be
CNN
Sep 27, 2012 1:00pm PDT
economy needs to be reinvigorated. >> but not all the numbers paint a gloomy picture. the labor department announced it undercounted nearly 400,000 jobs in 2011 meaning that 4.4 million jobs have been created since the president's inauguration. slightly more than the number lost in that same period. but the president said there's still measuring work to do. >> we're not where we need to be. not yet. we've got a lot more folks who have to get back to work. we've got a lot more work to do to make the middle class secure again. but the question is, who's plan is better for you? >> an obama win in republican-leaning virginia could deal romney a crushing blow. the president won here four years ago becoming the first democrat to do so since lyndon johnson. but in the state the military vote is not the only game in town. football fans are everywhere. so it's no surprise a reporter asked romney about the deal to end the dispute between the nfl and its referees. a question romney appeared to fumble. >> what do you think about the nfl refs? >> i sure hope they do. >> well, the refs will be back and
CSPAN
Sep 27, 2012 5:00pm EDT
of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the same time, during the clinton years, we had marginal rates that were a little bit higher than they are now and we had some of the best economic times that
CNBC
Sep 27, 2012 4:00am EDT
. >> one market that they're particularly excited about is saudi arabia, the region's largest economy. we keep talking about the risks that come from swings in oil prices at least for the audi economy. and stability in the country. he says that's not really the biggest risk. at least not from a brush capital perspective. >> for the start, we have a business in the country, a large group of investors and they're focused in development. the issues are not about whether or not the economic opportunities are there. i think they are. i think saudi arabia and in terms of individual sectors, they'll perform extremely well. it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as
CSPAN
Sep 27, 2012 1:00am EDT
elsewhere. he was not focused enough on the economy. his attention had been on things like a government takeover of health care and apologizing for america abroad." in our fact check that day, we quoted what obama had said in overseas trips, including an assertion that at times the u.s. had acted contrary to its own ideals or had been selective in where it sought to promote democracy. it had sometimes shown an arrogance toward allies. we pointed out that when he made those kinds of statements that suggested the u.s. is not completely above reproach, he usually balance it with praise for things the country had done right. all that -- that is in a long tradition of presidents acknowledging past imperfections. these cannot by any normal dictionaries amount to apologies. either formal or informal. again, last month, when romney accepted his party's nomination, he repeated the assertion that obama had begun his presidency with an apology tour, and obama had confessed the u.s. had "dictated to other nations." that fact check story went into greater detail, pointing out that obama's trips to e
CSPAN
Sep 27, 2012 6:00am EDT
, handful decisions are but we're going to have to face them spent fixing the economy sunday at 8 p.m. on c-span's q. and a. >> next a form on the 2012 elections focusing on demographics, the economy and a center for american progress report on how the presidential candidates can get the electoral votes they need to win. we wished as much of the hour and have even as we can until our live coverage at nine eastern. >> good afternoon, everyone. my name is daniella gibbs leger and i'm vice president for american values and newt gingrich are at the center for american progress. i want to thank you for joining us. for the past, rogue demographics, economics and voter registration, voter ideology in the 2012 election. and i want to wish you all paid happy voter registration day. i'm sure everyone in this room s registered to vote. this is being cohosted by two fantastic teams. if we are just a few weeks before the election and i know that may seem like a very short time but in politics it's a lifetime. we were interested in taking down into what is actually happening in the states. what trends we
CNBC
Sep 27, 2012 7:00pm EDT
to which they are pumping new cash into the economy which was information that came out last night contributed to a good day in the shanghai stock market, up 2%, it's done horribly for many, many, many months, is that chinese cash injection a big surprise in the same sense that the fed's cash injection was always big surprise? >> i think them coming out and saying that -- affirm something that some people thought, just like people thought there was going to be qe-3 but it wasn't until they affirmed it and we saw stocks take off again. we saw qe 1, qe-2, qe-qe-3. look at our poverty rate, our unemployment rate. that's not a recovery. >> housing prices are getting better. >> that's a bubble. incomes aren't going up. >> housing is in a hugh bubble? >> look at what happened to mortgage rates. >> this is literally unfounded. you're combining these really big stories about poverty which is all legitimate debate to have with a shorter term story with respect to what's happening in the market and i would add after qe 1, after qe-2 and now qe-3, the initial reaction was stocks turned lower.
Search Results 0 to 49 of about 76 (some duplicates have been removed)